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Crypto market maker Wintermute says it was hacked for $160 million

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Hacks and exploits have become a common occurrence in decentralized finance, a parallel financial system in crypto that’s automated by software instead of...

Crypto market maker Wintermute was hacked for about $160 million in its decentralized-finance operations, Chief Executive Evgeny Gaevoy said in a Tuesday tweet.

“If... Crypto market maker Wintermute was hacked for about $160 million in its decentralized-finance operations, Chief Executive Evgeny Gaevoy said in a Tuesday tweet. “If you have a market-making agreement with Wintermute, your funds are safe,” he said. “There will be a disruption in our services today and potentially for [the] next few days and will get back to normal after.”

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